PMI up af­ter sharp fall last month

Weekend Argus (Saturday Edition) - - BUSINESS -

SOUTH Africa’s Pur­chas­ing Man­agers’ In­dex (PMI) rose last month af­ter a sharp fall a month ago, peep­ing above the 50 level, which marks the dif­fer­ence be­tween con­trac­tion and ex­pan­sion.

The PMI, a mea­sure of fac­tory ac­tiv­ity be­fore of­fi­cial data, was at 50.7 in Oc­to­ber from a re­vised 50 in Septem­ber, spon­sor Kag­iso Tiso Hold­ings said.

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